(PatriotPostNews.com) – Billionaire investor and entrepreneur Mark Cuban recently mocked former president Donald Trump by revealing his tax payment.
Cuban, whose business feats include owning the Dallas Mavericks NBA team and being a lead character on the investment reality TV show “Shark Tank,” shared a post to X the day before the 2023 tax deadline, hinting that he had made his payments, unlike one politician.
On Sunday April 14, Cuban wrote on the social media platform that he was going to pay $288 million to the Internal Revenue Service (IRS) to cover his 2023 taxes. His initial comment was in response to another user who had asked if Cuban or his businesses were mandated to pay more money than the standard required taxes “to pay your fair share.”
After explaining that he “pay[s] what he owe[s],” detailing the number and adding that he is “proud” to pay taxes each year to the nation that “has done so much for me,” the billionaire threw a jab at the leading GOP presidential candidate. He said to “tag a former president” who “doesn’t” do the same.
Although presidents are not legally required to publicly share their income tax returns, many have done so voluntarily. Trump broke that tradition upon first running for president in 2016, saying he was unable to release the information because of an IRS audit to which he was subjected.
In 2022, a report from the Joint Committee on Taxation in the House of Representatives revealed details about the former president’s income, deductions, and tax payment history during his presidential term. The report detailed that negative income was declared between 2015 and 2017 as well as 2020. During his first two years in office, Trump paid a total income tax of $1,500 and reportedly did not pay federal income taxes in 2020.
Instead, he and his wife, Melania, claimed a $5.47 million refund. Redacted tax documents, along with the report and other information about Trump’s business taxes between 2015 and 2020, were made public following a vote from the Ways and Means Committee.
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